E-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions. Having been approved by the Law and Human Rights Ministry and signed by Finance Minister Sri Mulyani Indrawati, the new e-commerce tax regulation will come into effect on […]
Read MorePrime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, Hun Sen revealed a series of trade facilitations and […]
Read MoreHCM CITY — Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies. The proportion of logistics fees to GDP in Japan is 11 percent, while it is 10 percent in the EU, according […]
Read MoreKUALA LUMPUR: Foreign funds acquired RM25.5mil net of local equities last week, bringing the nine-weeks of foreign net selling to an end. In its weekly fund flow, MIDF Research said Monday recorded a foreign net outflow of RM86.3mil, the highest in nine trading days while the local bourse gained 0.56% to close at 1,679 points. […]
Read MoreMANILA, Philippines — Investment pledges with the Philippine Economic Zone Authority (PEZA) fell 41 percent last year from 2017 amid investor concerns on government’s plan to change the incentives regime under its tax reform program. Data from the PEZA showed investments approved by the agency reached P140.24 billion last year, lower than the P237.57 billion […]
Read MoreTHOUGH DIGITAL literacy is still low in Myanmar, people’s eagerness to try new things and their ability to easily adapt to a new environment could generate a technology boom in the country by encouraging young entrepreneurs to establish tech-based companies, say tech experts. Mike Than Tun Win, founder and chief executive of BOD Tech Co […]
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Thailand
